Entry of goods in SEZ

[saket s]

Hello,

Whether equipment/material taken on lease be entered in SEZ on returnable basis?

[Shilpi Jain]

Is the question whether SEZ can take an equipment on lease?

[saket s]

Yes, whether SEZ can take equipment on lease, on returnable basis.

[Raghunandhaanan rvi]

Sir

Yes, SEZ units are allowed to import goods on a lease basis. This means that Special Economic Zone (SEZ) units have the permission to import goods for processing, manufacturing, or production using various methods, including import on a loan basis.

It is important to note that SEZ units must obtain permission from the zone's development commissioner and customs for such imports. Therefore, verifying the details with the relevant customs and SEZ authorities is recommended before proceeding with these imports.

AI Summary

SEZ Units Can Import Leased Equipment for Manufacturing, Requires Approval from Development Commissioner and Customs Authorities A discussion in a forum addressed whether equipment or materials can be leased and entered into a Special Economic Zone (SEZ) on a returnable basis. A participant confirmed that SEZ units are permitted to import goods on a lease basis for processing, manufacturing, or production. However, it is necessary for SEZ units to obtain permission from the zone's development commissioner and customs authorities before proceeding with such imports. It was advised to verify details with the relevant authorities to ensure compliance.